Candidate:

JuliaRamirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

Quiz Title:

2020 Updates Review Questions

Overall Result:

PASS

Overall Score:

70/90

Percentage Score:

78

Passing Percentage:

70

Time Results Received:

Dec 31, 13:24:25, 2019

Time Spent:

00:03:34

Question Reference

Answer

Score

Time

Question 1 There are many changes that came about with the new admin

B. $2,000

10

66.23s

Question 2 The purpose of the AMT is to effectively take back some o

C. Both A and B above.

10

12.37s

Question 3 The new deduction for pass-through businesses was created

D. All of the above.

0

10.35s

Question 4 The kiddie tax will most likely apply until the year the

B. The child's net unearned income for the year

10

15.39s

Question 5 The new Tax Cuts and Jobs Act also brought change to Sect

D. All of the above.

10

14.53s

Question 6 There has been a major change to the NOL carryforward and

D. The new Tax Cuts and Jobs Act (TCJA) reform amendments

10

44.83s

Question 7 The Affordable Care Act continues for another _______ and

B. Two years.

0

9.40s

Question 8 There are restrictions placed on Congress as to what it c

A. The repeal of the tax penalty is not a repeal of the

10

10.09s

Question 9 The rules for employer-operated eating facilities remain

D. All of the above.

10

11.63s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Tue Dec 31 13:20:03 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/20updates-review/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir21

Quiz Title:

2019 Federal Tax Updates

Overall Result:

PASS

Overall Score:

240/300

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Dec 31, 15:35:30, 2019

Time Spent:

00:26:11

Question Reference

Answer

Score

Time

Question In 2018 and each year a passenger auto is depreciated, the d

D. The greater of A or B above.

0

27.44s

Question Everything else very much remains the same as to the qualifi

A. Allows for a $500 credit for other dependents who are

10

23.90s

Question Many taxpayers are misinformed and believe that the Affordab

A. The ACA continues as if there is no Tax Cuts and Jobs Act

10

51.92s

Question One of the main provisions of the Obamacare is the guarantee

D. All of the above.

10

13.83s

Question In 2018, the deduction for a pass through qualified trade or

A. 20% of QBI.

10

19.88s

Question What are these adjustments to income that help you arrive at

D. All of the above.

0

16.09s

Question The new Tax Cuts and Job Act has also revised the depreciati

A. Up to $100,000 in first year depreciation.

0

86.75s

Question The TCJA of 2017 has brought changes to the way pass through

A. 20% of the business income and will be claimed as a

10

138.55s

Question The PATH Act law states that starting January 1, 2018, bonus

D. None of the above.

0

99.39s

Question The general rule is that a repeal of statutory language that

C. Is routinely off-limits in the 2018 budget reconciliation

10

33.07s

Question The taxpayer must substantiate on a contemporaneous acknowle

C. Both A and B above.

10

63.20s

Question In 2018, the part of the entertainment expense that is for m

A. 50% of your business-related meal expenses which is

10

27.48s

Question The kiddie tax will most likely apply until the year the chi

D. All of the above.

0

7.36s

Question The alternative minimum tax will continue with the new Tax C

B. Only be 28 percent.

10

13.01s

Question The new Tax Cuts and Job Act law has made the deduction for

C. It is up to 10 percent to 60 percent.

10

59.70s

Question After the 2017 and 2018 tax years in which the 7 5 percent m

B. Revert to 10 percent which means a lower medical

10

21.28s

Question It has always been that only new property placed in service

A. Allows used property too.

10

17.06s

Question The premium tax credit continues and thus taxpayers who cont

B. Is no intention in the code for discontinuing the premium

10

24.14s

Question New changes will be implemented for the ABLE in the course o

B. Achieving a Better Life Experience.

10

11.21s

Question Other than being at a tax bracket of 39 6% and being taxed a

D. All of the above.

10

26.03s

Question If you are both the owner and the beneficiary on both accoun

A. The funds rolled over from the 529 college savings

10

260.37s

Question If your Adjusted Gross Income is $35,000, you can contribute

A. 60% of your Adjusted Gross Income.

10

8.79s

Question Now amongst other things, the new TCJA tax reform will doubl

A. Allows for a new $500 per dependent.

10

13.35s

Question Starting in 2018, under the new tax bill, children with ITIN

C. Refundable.

10

10.89s

Question The new tax legislation, which the President signed into law

D. All of the above.

10

9.68s

Question If any part of your payment toward a charitable contribution

C. Both A and B.

10

14.22s

Question There are two items you must consider in your ability to ded

B. $750,000 of your home mortgage debt.

10

240.91s

Question You can discharge your federal and private student loan debt

B. Will no longer be treated as taxable income by the

10

37.34s

Question Colleges and universities counted on the previous tax code t

D. None of the above.

0

157.14s

Question The Tax Cuts and Jobs Act (TCJA) has repealed the Affordable

C. The higher of A or B above.

10

5.23s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Tue Dec 31 15:08:40 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/reupdatesfinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir21

Quiz Title:

2018 Federal Tax Law Final Exam

Overall Result:

PASS

Overall Score:

440/500

Percentage Score:

88

Passing Percentage:

70

Time Results Received:

Dec 22, 14:41:20, 2019

Time Spent:

00:21:25

Question Reference

Answer

Score

Time

Question You must also consider the time when you make certain expens

B. You may have to amortize the expenses over a period of

0

227.33s

Question Starting in 2018, as it relates to listed property, each yea

C. The lesser of A or B above.

10

13.05s

Question In 2018, if you are entitled to a lump-sum distribution from

Asking your employer to make a direct rollover of your

10

90.06s

Question For 2018, a report on Foreign Bank and Financial Accounts, g

A. Exceeds $10,000.

10

34.93s

Question For 2018, under the new Tax Cuts and Jobs Act, the three cap

B. Applied to maximum taxable income levels.

10

9.62s

Question The new deduction for pass-through businesses was created by

D. All of the above.

10

6.79s

Question For 2018, a mandatory ______ withholding rate applies to eli

B.  20 percent

10

6.15s

Question The Earned Income Tax Credit remains unchanged under the new

B. Take into account adjustments for information.

10

10.38s

Question For 2018, to be able to deduct 50% of your meals as a busine

B. Ordinary and necessary in carrying on your trade or

10

12.82s

Question If you expect your 2018 tax liability to be ________ or more

A. $1,000.

10

6.75s

Question There are things you must consider in your ability to deduct

C. Both A and B above.

10

17.79s

Question The Tax Cuts and Jobs Act did not make any changes to the IR

D. Any of the above.

10

12.83s

Question There is a penalty for receiving an excessive claim for refu

C. 20 percent.

10

8.80s

Question You must keep records in 2018 to substantiate your tax retur

D. Any of the above.

10

23.92s

Question To further illustrate, you bought 5,000 shares of XYZ Corp

A. You have no qualified dividends from XYZ Corporation.

0

6.26s

Question For 2018, if you are required to file an FBAR and fail to do

B. $10,000.

10

7.82s

Question If you are single and receive $25,000 is Social Security ben

C. Zero

10

7.00s

Question Estimated tax is the method used to pay Social Security and

B. Form 1040-ES

10

8.92s

Question For 2018, there are many things you can do to keep good reco

D. Any of the above.

10

7.21s

Question For 2018, the personal exemption which is normally adjusted

B. $0

10

6.75s

Question The rules for employer-operated eating facilities remain at

D. All of the above.

10

5.54s

Question In 2018 this end of January date was January 29, 2018 In 20

B. Emancipation Day.

10

10.38s

Question If you are married, you can only take an additional standard

B. $1,600

0

7.63s

Question For 2018, the 529 plans have been expanded under the new Tax

A. This has been known under the name 529 college savings

10

9.43s

Question For some eligible property with longer production periods, t

B. Certain qualified film, television and live theatrical

0

25.02s

Question The new Tax Cuts and Jobs Act expenses that are still deduct

C. Both A and B above.

10

12.23s

Question In 2018, you generally must report sales and other dispositi

C. Form 8949.

10

6.50s

Question The highest 2018 tax rate is

C. 37 percent.

10

5.41s

Question You can try to figure out what to do about making sure the I

C. Both A and B above.

10

9.34s

Question The older or blind individuals will continue to receive an a

A. $1,300 for 2018.

10

13.22s

Question For 2018, you would deduct a percentage of these expenses -

A. Standard method.

10

5.89s

Question You are allowed to contribute and deduct up to 60% of your A

A. $21,000

10

4.61s

Question You may contribute to a dependent care FSA if you expect to

A. $5,000.

0

8.00s

Question For 2018, you must prove or be ready to prove that you have

D. All of the above.

10

5.98s

Question You may claim on Form 8863 a Lifetime Learning credit of up

B. $2,000

10

7.05s

Question For 2018, the CDCTC or child care dependent tax credit allow

A. If therefore if there is no tax to cancel, there is no

10

20.85s

Question For 2018, you are required to report information about asset

A. $50,000

10

6.04s

Question Business income is any income received from the sale of your

C. Security deposits and loans.

10

163.92s

Question For 2018, expenses that would normally have nothing to do wi

B. 100 percent.

10

30.86s

Question For 2018, unemployment benefits are fully taxable and the be

C. Form 1099-G.

10

7.89s

Question Under the new Tax Cuts and Jobs Act, a qualified 2016 disas

A. 10 percent.

10

7.82s

Question For 2018, the maximum allowed depreciation expenses for pass

B. $25,000 limitation.

10

71.21s

Question Under the new tax law, Starting in 2018 the qualifying prope

D. Any of the above.

10

30.66s

Question Practically everything you received for your work or service

D. All of the above.

10

165.79s

Question For 2018, the simplified method at arriving at your deductib

A. $1,500.

10

5.47s

Question When a taxpayer dies, his standard deduction is what it woul

B. $13,600

0

3.73s

Question For 2018, if we have $10,000 hobby income and $10,000 hobby

B. $10,000

10

12.70s

Question You can request an automatic extension of time to file a 201

C. Form 4868.

10

7.72s

Question The suspension of unreimbursed employee business deductions

A. The hobby losses will be completely eliminated.

10

45.49s

Question Starting in 2018, a taxpayer would not be allowed to claim a

B. Will not incur a penalty if it does not provide a written

10

18.62s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Sun Dec 22 14:19:13 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/relawfinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

Quiz Title:

2020 Tax Law Review Questions

Overall Result:

PASS

Overall Score:

250/300

Percentage Score:

83

Passing Percentage:

70

Time Results Received:

Dec 21, 20:26:58, 2019

Time Spent:

00:03:44

Question Reference

Answer

Score

Time

Question 1 The results compared to previous results give us informat

A. Rising prices.

10

10.65s

Question 2 Practically everything you received for your work or serv

D. All of the above.

10

5.70s

Question 3  In 2019, there are penalties for not filing a required F

C. Both A or B above.

10

10.52s

Question 4 For 2019, Schedule B Part III is where you report a finan

D. Any of the above.

10

7.13s

Question 5 You can try to figure out what to do about making sure th

C. Both A and B above.

10

6.14s

Question 6 What are the types of calculation methods for claiming of

C. Either A or B above.

10

5.39s

Question 7 Individuals always challenge the constitutionality of tax

B. In 2004, the U.S. was forced to eliminate a corporate tax

0

18.33s

Question 8 In 2019 or any tax year, you should supply the taxing age

B. The most correct information requested on the tax forms

10

5.44s

Question 9 The Internal Revenue Service will use the 2019 tax return

D. All of the above.

10

5.32s

Question 10 To determine if you must file a tax return for 2019, you

A. All income you earned or received abroad.

0

4.95s

Question 11 Even if you are not required to file a tax return for 20

A. If you had income tax withheld from your pay.

0

6.52s

Question 12 You may be able to include your child s interest and div

B. Your child was under age 19.

0

3.92s

Question 13 You may have to file a tax return for 2019 even if your

D. Only A and B above.

10

11.05s

Question 14 The head of household filing status has more requirement

A. To have supported a home for your dependent for more than

10

3.54s

Question 15 If you do not itemize deductions, you are entitled to a

B. January 2, 1955

10

7.61s

Question 16 Once you are married in 2019, you can file as

C. Married Filing jointly only.

0

6.11s

Question 17 You will most likely be obligated to file a 2019 tax ret

D. Any of the above.

10

5.23s

Question 18 For 2019, the new tax law will now use the _______ which

A. Chained CPI

10

1.96s

Question 19 For 2019, the new tax law treatment of alimony payments

C. Either A or B above.

10

9.20s

Question 20 In 2019, the due diligence requirement that has always b

D. All of the above.

10

2.17s

Question 21 If you don t show proper due diligence on how you qualif

A. The IRS will impose a $520 penalty for each failure.

10

5.13s

Question 22 For 2018, it is important that you be aware that you can

B. There is a new $500 nonrefundable credit for dependents

10

4.63s

Question 23 For 2019, foreigners who are individuals should apply fo

B. No longer needs to attach a copy of your tax return when

10

9.28s

Question 24 If you were married on or before December 31, 2019, you

C. You can be considered unmarried for 2019.

10

23.39s

Question 25 If you were married at the end of 2019, even if you did

A. It is always your legal right to file your tax return

10

5.35s

Question 26 If you obtain a court decree of annulment in 2019, which

D. All of the above.

10

4.91s

Question 27 For 2019, the following is a stipulation that determines

B. You are known in the community as holding a relationship

10

2.87s

Question 28 Unreimbursed employee business expenses, such as job tra

A. Affects the deduction of hobby expenses.

10

7.22s

Question 29 The kiddie tax will most likely apply until the year the

D. All of the above.

10

4.46s

Question 30 Business expenses are those charges that you incur in ca

D. 100% deductible.

10

3.69s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Sat Dec 21 20:22:34 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/20taxlaw-review/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir21

Quiz Title:

2018 California Final Exam

Overall Result:

PASS

Overall Score:

200/250

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Dec 21, 20:19:59, 2019

Time Spent:

00:04:20

Question Reference

Answer

Score

Time

Question The new Tax Cut and Job Act has changed our 2018 SALT The n

B. $10,000

0

7.40s

Question California offers tax breaks for businesses located in econ

D. All of the above.

10

4.02s

Question New federal tax law limits the NOL deduction to 80 percent o

D. Will continue to allow NOLs to be carried back two years

10

24.30s

Question The threshold percentage of unreimbursed medical expenses is

A. Differ - 10 percent for federal taxes and 7.5 percent for

10

7.56s

Question There are many credits, deductions and employee fringe benef

D. None of the above.

10

10.91s

Question The federal law changes to simplify the kiddie tax by effect

C. California does not conform to the federal

10

17.16s

Question California agrees and has been conforming to the deduction o

B. Does not conform to the new federal limitation on the

10

6.40s

Question An exclusion from gross income of certain military pay recei

B. California also does not conform to allowing a joint

10

10.67s

Question Due to the fact that the Paid Family Leave (PFL) program is

A. Taxable for California tax purposes.

0

7.99s

Question Upon filing a California domestic partnership with the state

A. With this ruling, individuals of the same sex can now

10

6.82s

Question The provision in the new Tax Cuts and Jobs Act allows studen

C. Both A and B above.

10

8.12s

Question This deduction can allow you to take a deduction for up to 2

A. California does not conform to the new federal deduction

10

8.05s

Question Qualified bicycle commuting reimbursement exclusion has bee

A. Does not conform to the suspension.

10

7.30s

Question The new TCJA tax reform suspends all miscellaneous itemized

D. With the new tax law, you will be able to deduct zero of

0

7.49s

Question We are mostly concerned with items that differ in preparing

A. You must account for the difference and make the

10

8.31s

Question The following is a true statement about ridesharing fringe b

C. California law provides income exclusions for

10

9.79s

Question On December 22, 2017, the new tax bill went into effect incr

D. All of the above.

10

11.11s

Question You should consider tax planning as part of your tax filing

B. Tax planning strategies.

10

8.95s

Question The new Tax Cuts and Job Act law has made the deduction for

A. Increases to 60%.

0

7.09s

Question California does not conform to the federal standard deductio

A. The standard deduction amounts for California are

10

26.08s

Question The annual contribution is adjusted for inflation as are mos

A. $15,000 because California conforms to the increase.

0

8.27s

Question The following type of eligible medical expenses will change

D. None of the above will differ.

10

7.80s

Question California conforms to the federal EITC as to the federal la

B. Only if these amounts are subject to California

10

7.65s

Question Very important to remember that if both the state of Califor

B. There is no need to file Schedule CA of Form 540.

10

8.13s

Question Talking about students and the tax benefits of being a stude

A. Reverse it for California tax purposes by entering the

10

7.37s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Sat Dec 21 20:13:18 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/recaliforniafinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

Quiz Title:

2020 California Review Questions

Overall Result:

PASS

Overall Score:

130/150

Percentage Score:

87

Passing Percentage:

70

Time Results Received:

Dec 20, 15:54:22, 2019

Time Spent:

00:02:19

Question Reference

Answer

Score

Time

Question 1 The TCJA tax reform amended section 11(3) to provide a pe

B. We will continue to use the same California Consumer

10

10.01s

Question 2 One of the tax planning strategies is about knowing how n

C. Does not conform with federal to the changes to the NOL

10

8.53s

Question 3 As with married couples, things happen in the relationshi

D. All of the above.

10

4.53s

Question 4 Moving expenses have been suspended by the TCJA for tax y

C. California will continue to allow moving expenses at the

10

8.07s

Question 5 California taxes the interest received from bonds that ar

A. Look forward to paying the tax on the interest earned

10

5.29s

Question 6 The new Tax Cuts and Job Act has also revised the depreci

C. Both A and B above.

10

14.52s

Question 7 All depreciation methods used must be acceptable to Calif

B. Adjust your depreciation and the useful life of the

10

8.87s

Question 8 California mainly conforms to the federal tax law, except

D. Any of the above.

10

9.31s

Question 9 The new Tax Cuts and Jobs Act of 2017 also brought change

C. California wants to keep to the original plan to help

10

11.91s

Question 10 In order to motivate companies to make treatment drugs t

C. No comparable credit but the expenses can be repurposed.

10

6.70s

Question 11 There are benefits offered by investing in a Roth IRA wh

C. California conforms to federal tax law on contributions,

10

10.85s

Question 12 You must be able to identity what constitutes unemployme

A. As far as California is concerned, unemployment is not

10

9.83s

Question 13 Now the federal IRC has due diligence requirements for q

D. None, California conforms to the due diligence

10

6.87s

Question 14 The nonrefundable renter s credit, as with the other cre

A. An application and verify it with the IRS.

0

5.85s

Question 15 If you didn t itemize deductions on your federal tax ret

A. It is impossible to itemize deductions on your 2019

0

10.02s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Fri Dec 20 15:51:15 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/20california-review/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir21

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

160/200

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Dec 20, 15:47:34, 2019

Time Spent:

00:13:19

Question Reference

Answer

Score

Time

Question You need to answer the questions covering EITC eligibility o

C. Form 8867

10

125.41s

Question For 2018, you must complete and submit _________ for all pap

A. Form 8867.

10

109.25s

Question Filing electronically allows you to receive your refund much

A. 3 weeks.

10

6.67s

Question The new thing this time around is that an individual applyin

B. Form W-7

10

32.79s

Question The IRS can only allow so much abuse and may start sending L

A. $520 for each missing form.

10

78.74s

Question Tax preparation is your profession and you should always fol

D. Any of the above.

10

30.78s

Question Your client may need to file Form 8862 in 2018 and may be ba

A. Next 10 years.

10

6.55s

Question You as a tax professional are defined under the FTC as a fin

D. All of the above.

10

50.75s

Question The director of the Office of Professional Responsibility mu

B. 60 days

0

22.31s

Question Starting in 2018, you can represent taxpayers if you are

D. Any of the above.

10

14.98s

Question You must go into your PTIN account and sign the ____________

B. Circular 230 Consent statement.

10

11.52s

Question Under IRC section 6692(g), the new tax law Tax Cuts and Jobs

B. $520 for each failure.

10

15.22s

Question The IRS has identified ___________ as a key indicator of pot

A. Questionable Forms W-2

10

24.90s

Question Providers must never put their address in fields reserved fo

D. Form 8867.

0

24.61s

Question A ________ may be imposed, per I R C §6695(f), on a return

D. $10,000 penalty.

0

83.67s

Question The taxpayer who is issued an ITIN is usually not eligible t

A. These people are usually not eligible for an SSN.

10

12.99s

Question The ERO may use ___________ as authority to input the taxpa

B. Pre-signed authorizations

10

13.61s

Question An examining officer, or other Service officer or employee w

C. The taxpayer directly.

0

33.49s

Question If you prepared a tax return two years ago when you were par

A. At every stage of the tax returns you prepare to be able

10

50.75s

Question A few things to consider, even the most basic of things abou

D. All of the above.

10

37.17s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Fri Dec 20 15:32:47 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/reethicsfinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

Quiz Title:

2020 Ethics Review Questions

Overall Result:

PASS

Overall Score:

90/100

Percentage Score:

90

Passing Percentage:

70

Time Results Received:

Dec 20, 12:54:22, 2019

Time Spent:

00:02:03

Question Reference

Answer

Score

Time

Question 1 To reduce your risk of identity theft for 2019, you need

D. All of the above.

10

3.11s

Question 2 You should probably modify your interview packets to incl

B.  Will show due diligence.

0

15.14s

Question 3 In 2019, anytime an ERO enters the taxpayer s PIN on the

A. Must be signed by the taxpayer.

10

12.35s

Question 4 For 2019, the following is a true statement regarding pra

A. The practitioner must use reasonable efforts to identify

10

14.91s

Question 5 To qualify for continuing tax education credit for an enr

D. All of the above.

10

22.80s

Question 6 With respect to any matter administered by the Internal R

D. None of the above.

10

15.49s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

8.83s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

9.53s

Question 9 Subject to certain limitations, an individual who is not

D. Any of the above.

10

5.92s

Question 10 A durable power of attorney is a power of attorney which

B. Specifies that the appointment of the attorney-in-fact

10

7.26s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Fri Dec 20 12:47:45 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://www.heras-income-tax-school.com/herasincometaxschool/20ethics-review/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir21

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

160/200

Percentage Score:

80

Passing Percentage:

70

Time Results Received:

Dec 20, 13:12:42, 2019

Time Spent:

00:12:33

Question Reference

Answer

Score

Time

Question The IRS has identified ___________ as a key indicator of pot

A. Questionable Forms W-2

10

47.32s

Question You as a tax professional are defined under the FTC as a fin

D. All of the above.

10

32.40s

Question Tax preparation is your profession and you should always fol

D. Any of the above.

10

64.05s

Question The taxpayer who is issued an ITIN is usually not eligible t

A. These people are usually not eligible for an SSN.

10

115.41s

Question The IRS can only allow so much abuse and may start sending L

A. $520 for each missing form.

10

54.24s

Question A preparer that is also a financial institution, but has not

C. Endorse a refund check for deposit in full to a

0

35.16s

Question A ________ may be imposed, per I R C §6695(f), on a return

C. $1,000 penalty

0

123.88s

Question A few things to consider, even the most basic of things abou

D. All of the above.

10

21.88s

Question For 2018, you must complete and submit _________ for all pap

A. Form 8867.

10

21.72s

Question Filing electronically allows you to receive your refund much

A. 3 weeks.

10

18.03s

Question Your client may need to file Form 8862 in 2018 and may be ba

A. Next 10 years.

10

29.97s

Question An examining officer, or other Service officer or employee w

C. The taxpayer directly.

0

17.91s

Question If you prepared a tax return two years ago when you were par

A. At every stage of the tax returns you prepare to be able

10

10.73s

Question The director of the Office of Professional Responsibility mu

C. 90 days

0

20.85s

Question You need to answer the questions covering EITC eligibility o

C. Form 8867

10

17.27s

Question Under IRC section 6692(g), the new tax law Tax Cuts and Jobs

B. $520 for each failure.

10

9.07s

Question Providers must never put their address in fields reserved fo

C. Form 8453.

10

19.08s

Question The ERO may use ___________ as authority to input the taxpa

B. Pre-signed authorizations

10

59.33s

Question You must go into your PTIN account and sign the ____________

B. Circular 230 Consent statement.

10

11.62s

Question Starting in 2018, you can represent taxpayers if you are

D. Any of the above.

10

5.82s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Fri Dec 20 12:59:18 PST 2019

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://www.heras-income-tax-school.com/herasincometaxschool/reethicsfinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir1@

Quiz Title:

2018 Tax Law Review Questions

Overall Result:

PASS

Overall Score:

250/300

Percentage Score:

83

Passing Percentage:

70

Time Results Received:

Dec 20, 00:20:04, 2018

Time Spent:

00:03:17

Question Reference

Answer

Score

Time

Question 1 The results compared to previous results give us informat

A. Rising prices.

10

9.25s

Question 2 Practically everything you received for your work or serv

D. All of the above.

10

7.94s

Question 3  In 2018, there are penalties for not filing a required F

C. Both A or B above.

10

9.29s

Question 4 For 2018, Schedule B Part III is where you report a finan

D. Any of the above.

10

7.36s

Question 5 You can try to figure out what to do about making sure th

C. Both A and B above.

10

5.30s

Question 6 What are the types of calculation methods for claiming of

C. Either A or B above.

10

5.67s

Question 7 Individuals always challenge the constitutionality of tax

B. In 2004, the U.S. was forced to eliminate a corporate tax

0

9.78s

Question 8 In 2018 or any tax year, you should supply the taxing age

B. The most correct information requested on the tax forms

10

4.79s

Question 9 The Internal Revenue Service will use the 2018 tax return

D. All of the above.

10

4.62s

Question 10 To determine if you must file a tax return for 2018, you

A. All income you earned or received abroad.

0

2.60s

Question 11 Even if you are not required to file a tax return for 20

A. If you had income tax withheld from your pay.

0

5.08s

Question 12 You may be able to include your child s interest and div

B. Your child was under age 19.

0

6.28s

Question 13 You may have to file a tax return for 2018 even if your

D. Only A and B above.

10

7.48s

Question 14 The head of household filing status has more requirement

A. To have supported a home for your dependent for more than

10

2.95s

Question 15 If you do not itemize deductions, you are entitled to a

B. January 2, 1954

10

5.42s

Question 16 Once you are married in 2018, you can file as

C. Married Filing jointly only.

0

6.91s

Question 17 You will most likely be obligated to file a 2018 tax ret

D. Any of the above.

10

4.45s

Question 18 For 2018, the new tax law will now use the _______ which

A. Chained CPI

10

5.11s

Question 19 For 2018, the new tax law treatment of alimony payments

C. Either A or B above.

10

7.71s

Question 20 In 2018, the due diligence requirement that has always b

D. All of the above.

10

4.51s

Question 21 If you don t show proper due diligence on how you qualif

A. The IRS will impose a $520 penalty for each failure.

10

2.62s

Question 22 For 2018, it is important that you be aware that you can

B. There is a new $500 nonrefundable credit for dependents

10

5.10s

Question 23 For 2018, foreigners who are individuals should apply fo

B. No longer needs to attach a copy of your tax return when

10

10.21s

Question 24 If you were married on or before December 31, 2018, you

C. You can be considered unmarried for 2018.

10

15.77s

Question 25 If you were married at the end of 2018, even if you did

A. It is always your legal right to file your tax return

10

4.24s

Question 26 If you obtain a court decree of annulment in 2018, which

D. All of the above.

10

2.29s

Question 27 For 2018, the following is a stipulation that determines

B. You are known in the community as holding a relationship

10

2.36s

Question 28 Unreimbursed employee business expenses, such as job tra

A. Affects the deduction of hobby expenses.

10

7.99s

Question 29 The kiddie tax will most likely apply until the year the

D. All of the above.

10

4.81s

Question 30 Business expenses are those charges that you incur in ca

D. 100% deductible.

10

3.90s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Thu Dec 20 00:15:39 PST 2018

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/18taxlawreview/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir1@

Quiz Title:

2018 Federal Tax Law Final Exam

Overall Result:

PASS

Overall Score:

430/500

Percentage Score:

86

Passing Percentage:

70

Time Results Received:

Dec 20, 15:00:09, 2018

Time Spent:

00:22:38

Question Reference

Answer

Score

Time

Question The new Tax Cuts and Jobs Act expenses that are still deduct

C. Both A and B above.

10

12.10s

Question In 2018, if you are entitled to a lump-sum distribution from

C. Having your employer withhold 20%.

0

25.76s

Question Under the new tax law, Starting in 2018 the qualifying prope

D. Any of the above.

10

86.97s

Question Starting in 2018, as it relates to listed property, each yea

C. The lesser of A or B above.

10

73.95s

Question For 2018, the maximum allowed depreciation expenses for pass

A. $10,000 limitation.

0

241.25s

Question For 2018, the CDCTC or child care dependent tax credit allow

A. If therefore if there is no tax to cancel, there is no

10

12.52s

Question You can try to figure out what to do about making sure the I

C. Both A and B above.

10

6.44s

Question The rules for employer-operated eating facilities remain at

D. All of the above.

10

6.09s

Question If you are single and receive $25,000 is Social Security ben

C. Zero

10

7.35s

Question In 2018, you generally must report sales and other dispositi

C. Form 8949.

10

6.74s

Question For 2018, to be able to deduct 50% of your meals as a busine

B. Ordinary and necessary in carrying on your trade or

10

8.71s

Question For 2018, unemployment benefits are fully taxable and the be

C. Form 1099-G.

10

92.66s

Question In 2018 this end of January date was January 29, 2018 In 20

B. Emancipation Day.

10

3.21s

Question For 2018, a mandatory ______ withholding rate applies to eli

B.  20 percent

10

4.30s

Question You must also consider the time when you make certain expens

C. Both A and B above.

10

12.55s

Question For 2018, a report on Foreign Bank and Financial Accounts, g

A. Exceeds $10,000.

10

26.06s

Question Business income is any income received from the sale of your

C. Security deposits and loans.

10

22.35s

Question There are things you must consider in your ability to deduct

C. Both A and B above.

10

9.92s

Question There is a penalty for receiving an excessive claim for refu

C. 20 percent.

10

5.94s

Question If you are married, you can only take an additional standard

B. $1,600

0

17.30s

Question For 2018, the 529 plans have been expanded under the new Tax

A. This has been known under the name 529 college savings

10

11.74s

Question To further illustrate, you bought 5,000 shares of XYZ Corp

A. You have no qualified dividends from XYZ Corporation.

0

8.35s

Question The suspension of unreimbursed employee business deductions

A. The hobby losses will be completely eliminated.

10

36.71s

Question Starting in 2018, a taxpayer would not be allowed to claim a

B. Will not incur a penalty if it does not provide a written

10

142.73s

Question For 2018, if you are required to file an FBAR and fail to do

B. $10,000.

10

68.92s

Question If you expect your 2018 tax liability to be ________ or more

A. $1,000.

10

7.44s

Question For 2018, you are required to report information about asset

A. $50,000

10

10.05s

Question You must keep records in 2018 to substantiate your tax retur

D. Any of the above.

10

10.47s

Question The Tax Cuts and Jobs Act did not make any changes to the IR

D. Any of the above.

10

8.80s

Question You may claim on Form 8863 a Lifetime Learning credit of up

B. $2,000

10

5.11s

Question The highest 2018 tax rate is

C. 37 percent.

10

4.00s

Question You may contribute to a dependent care FSA if you expect to

A. $5,000.

0

14.77s

Question The new deduction for pass-through businesses was created by

D. All of the above.

10

18.55s

Question You are allowed to contribute and deduct up to 60% of your A

A. $21,000

10

8.99s

Question The Earned Income Tax Credit remains unchanged under the new

B. Take into account adjustments for information.

10

12.54s

Question For 2018, the personal exemption which is normally adjusted

B. $0

10

10.07s

Question For 2018, you would deduct a percentage of these expenses -

A. Standard method.

10

8.83s

Question For 2018, if we have $10,000 hobby income and $10,000 hobby

C. $0

0

15.08s

Question When a taxpayer dies, his standard deduction is what it woul

C. $13,300

10

35.44s

Question Under the new Tax Cuts and Jobs Act, a qualified 2016 disas

A. 10 percent.

10

26.48s

Question For 2018, the simplified method at arriving at your deductib

A. $1,500.

10

16.11s

Question For 2018, under the new Tax Cuts and Jobs Act, the three cap

B. Applied to maximum taxable income levels.

10

17.24s

Question For 2018, expenses that would normally have nothing to do wi

B. 100 percent.

10

40.10s

Question The older or blind individuals will continue to receive an a

A. $1,300 for 2018.

10

15.11s

Question Practically everything you received for your work or service

D. All of the above.

10

14.21s

Question For 2018, you must prove or be ready to prove that you have

D. All of the above.

10

7.72s

Question For 2018, there are many things you can do to keep good reco

D. Any of the above.

10

7.04s

Question You can request an automatic extension of time to file a 201

C. Form 4868.

10

36.22s

Question Estimated tax is the method used to pay Social Security and

B. Form 1040-ES

10

5.60s

Question For some eligible property with longer production periods, t

D. Any of the above.

0

14.94s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Thu Dec 20 14:36:33 PST 2018

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/relawfinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir1@

Quiz Title:

2018 California Final Exam

Overall Result:

PASS

Overall Score:

180/250

Percentage Score:

72

Passing Percentage:

70

Time Results Received:

Dec 19, 02:28:01, 2018

Time Spent:

00:56:49

Question Reference

Answer

Score

Time

Question New federal tax law limits the NOL deduction to 80 percent o

D. Will continue to allow NOLs to be carried back two years

10

64.73s

Question On December 22, 2017, the new tax bill went into effect incr

D. All of the above.

10

218.84s

Question The federal law changes to simplify the kiddie tax by effect

C. California does not conform to the federal

10

156.09s

Question Talking about students and the tax benefits of being a stude

A. Reverse it for California tax purposes by entering the

10

150.15s

Question The following type of eligible medical expenses will change

D. None of the above will differ.

10

129.90s

Question The new Tax Cut and Job Act has changed our 2018 SALT The n

B. $10,000

0

427.00s

Question California conforms to the federal EITC as to the federal la

B. Only if these amounts are subject to California

10

189.17s

Question California agrees and has been conforming to the deduction o

B. Does not conform to the new federal limitation on the

10

386.64s

Question The new Tax Cuts and Job Act law has made the deduction for

A. Increases to 60%.

0

52.48s

Question The annual contribution is adjusted for inflation as are mos

A. $15,000 because California conforms to the increase.

0

244.31s

Question There are many credits, deductions and employee fringe benef

B. Moving expenses

0

63.93s

Question The provision in the new Tax Cuts and Jobs Act allows studen

C. Both A and B above.

10

154.41s

Question California does not conform to the federal standard deductio

A. The standard deduction amounts for California are

10

147.81s

Question Due to the fact that the Paid Family Leave (PFL) program is

B. Tax Free for California tax purposes.

10

78.86s

Question The following is a true statement about ridesharing fringe b

C. California law provides income exclusions for

10

173.06s

Question An exclusion from gross income of certain military pay recei

0

16.25s

Question Upon filing a California domestic partnership with the state

B. With the new ruling, federal does not require any special

0

158.12s

Question The new TCJA tax reform suspends all miscellaneous itemized

C. Both A and B above.

10

22.80s

Question California offers tax breaks for businesses located in econ

D. All of the above.

10

16.12s

Question Very important to remember that if both the state of Califor

B. There is no need to file Schedule CA of Form 540.

10

75.40s

Question You should consider tax planning as part of your tax filing

B. Tax planning strategies.

10

11.66s

Question Qualified bicycle commuting reimbursement exclusion has bee

A. Does not conform to the suspension.

10

82.09s

Question We are mostly concerned with items that differ in preparing

D. All of the above.

0

78.62s

Question This deduction can allow you to take a deduction for up to 2

A. California does not conform to the new federal deduction

10

36.30s

Question The threshold percentage of unreimbursed medical expenses is

A. Differ - 10 percent for federal taxes and 7.5 percent for

10

259.47s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Wed Dec 19 01:30:20 PST 2018

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/recaliforniafinal/

Candidate:

Julia Ramirez

User Identifier 2:

julieulie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir1@

Quiz Title:

2019 California Review Questions

Overall Result:

PASS

Overall Score:

140/150

Percentage Score:

93

Passing Percentage:

70

Time Results Received:

Dec 18, 18:38:56, 2018

Time Spent:

00:02:10

Question Reference

Answer

Score

Time

Question 1 The TCJA tax reform amended section 11(3) to provide a pe

B. We will continue to use the same California Consumer

10

16.40s

Question 2 One of the tax planning strategies is about knowing how n

C. Does not conform with federal to the changes to the NOL

10

9.37s

Question 3 As with married couples, things happen in the relationshi

D. All of the above.

10

6.93s

Question 4 Moving expenses have been suspended by the TCJA for tax y

C. California will continue to allow moving expenses at the

10

9.67s

Question 5 California taxes the interest received from bonds that ar

A. Look forward to paying the tax on the interest earned

10

6.65s

Question 6 The new Tax Cuts and Job Act has also revised the depreci

C. Both A and B above.

10

14.33s

Question 7 All depreciation methods used must be acceptable to Calif

B. Adjust your depreciation and the useful life of the

10

7.23s

Question 8 California mainly conforms to the federal tax law, except

D. Any of the above.

10

3.94s

Question 9 The new Tax Cuts and Jobs Act of 2017 also brought change

C. California wants to keep to the original plan to help

10

11.00s

Question 10 In order to motivate companies to make treatment drugs t

C. No comparable credit but the expenses can be repurposed.

10

6.22s

Question 11 There are benefits offered by investing in a Roth IRA wh

C. California conforms to federal tax law on contributions,

10

7.63s

Question 12 You must be able to identity what constitutes unemployme

A. As far as California is concerned, unemployment is not

10

6.44s

Question 13 Now the federal IRC has due diligence requirements for q

D. None, California conforms to the due diligence

10

4.87s

Question 14 The nonrefundable renter s credit, as with the other cre

B. A California Renter's Credit Qualification

10

6.19s

Question 15 If you didn t itemize deductions on your federal tax ret

A. It is impossible to itemize deductions on your 2018

0

4.76s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Tue Dec 18 18:35:39 PST 2018

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/18californiareview/

Candidate:

Julia Ramirez

User Identifier 2:

julieul;ie@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir1@

Quiz Title:

2019 Ethics Review Questions

Overall Result:

PASS

Overall Score:

90/100

Percentage Score:

90

Passing Percentage:

70

Time Results Received:

Dec 16, 20:26:15, 2018

Time Spent:

00:02:26

Question Reference

Answer

Score

Time

Question 1 To reduce your risk of identity theft for 2018, you need

D. All of the above.

10

3.53s

Question 2 You should probably modify your interview packets to incl

B.  Will show due diligence.

0

40.31s

Question 3 In 2018, anytime an ERO enters the taxpayer s PIN on the

A. Must be signed by the taxpayer.

10

7.95s

Question 4 For 2018, the following is a true statement regarding pra

A. The practitioner must use reasonable efforts to identify

10

10.36s

Question 5 To qualify for continuing tax education credit for an enr

D. All of the above.

10

10.09s

Question 6 With respect to any matter administered by the Internal R

D. None of the above.

10

10.35s

Question 7 Tax advisors should provide clients with the highest qual

C. Establishing the facts, determining which facts are

10

24.18s

Question 8 Being convicted of any criminal offense under the revenue

D. Considered disreputable conduct.

10

14.10s

Question 9 Subject to certain limitations, an individual who is not

D. Any of the above.

10

6.27s

Question 10 A durable power of attorney is a power of attorney which

B. Specifies that the appointment of the attorney-in-fact

10

7.87s

System Language:

en-US

Operating System:

Win32

Screen Resolution:

1422x800

Client IP:

108.200.101.41

Client Time:

Sun Dec 16 20:21:13 PST 2018

Version:

Mozilla/5.0 (compatible; MSIE 9.0; Windows NT 6.3; WOW64; Trident/7.0; Touch; .NET4.0E; .N

Source URL:

https://herasincometaxschool.com/18ethicsreview/

Candidate:

Julia Ramirez

User Identifier 2:

julieuliue@sbcglobal.net

User Identifier 3:

A162896

User Identifier 4:

P00841398

User Identifier 5:

Aponchir1@

Quiz Title:

2019 Tax Ethics Final

Overall Result:

PASS

Overall Score:

170/200

Percentage Score:

85

Passing Percentage:

70

Time Results Received:

Dec 16, 20:56:05, 2018

Time Spent:

00:11:25

Question Reference

Answer

Score

Time

Question The IRS has identified ___________ as a key indicator of pot

A. Questionable Forms W-2

10

20.26s

Question You as a tax professional are defined under the FTC as a fin

D. All of the above.

10

10.32s

Question Tax preparation is your profession and you should always fol

D. Any of the above.

10

17.29s

Question The taxpayer who is issued an ITIN is usually not eligible t

A. These people are usually not eligible for an SSN.

10

15.79s

Question The IRS can only allow so much abuse and may start sending L

B. $1,000 for each missing form.

0

100.38s

Question A preparer that is also a financial institution, but has not

C. Endorse a refund check for deposit in full to a

0

24.35s

Question A ________ may be imposed, per I R C §6695(f), on a return

B. $520 penalty.

10

133.36s

Question A few things to consider, even the most basic of things abou

D. All of the above.

10